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Archives by Year:
AUD/USD Price Analysis: Pulling Back Within A Short-Term Uptrend
AUD/USD is trading in the 0.6590s on Tuesday as it continues correcting back from its May 3 high above 0.6600. The pull back is probably only a temporary correction. The rising sequence of peaks and troughs on the 4-hour chart suggest the pair is in a short-term uptrend, which given the old adage that “the trend […]
3 Highlights Of The Berkshire Hathaway Annual Meeting – May 4, 2024
PixabayThree highlights of the Berkshire Hathaway Annual Meeting are:(1) When Warren Buffett is no longer CEO:Buffett: “I would leave the capital allocation to Greg … he understands businesses extremely well,” Buffett said. “If you understand businesses, you’ll understand common stocks.”My interpretation is that Greg Abel, as CEO, will decide overall capital allocation, including how much of Berkshire’s […]
In Defense Of Staying Private
I’m not a contrarian by nature, but I do enjoy being a devil’s advocate and while reading a recent piece by JP Morgan on the importance of a reinvigorated private equity exit environment, I couldn’t help but come up with an opposing perspective. Pexels Certainly, JP Morgan is not alone in observing and ruing the dearth of exits, as […]
Chevron Ended Correction And Resumed Higher
Chevron Corporation (CVX) is a multinational energy corporation operating in all facets of the oil and gas industry. This includes exploration, production, refining, and marketing. Headquartered in San Ramon, California, Chevron has a global presence with operations spanning over 180 countries. This article looks at the long term Elliiot Wave outlook of the company. Chevron Monthly […]
Rates Spark: Eurozone Growth Recovery Not To Be Ignored
US and euro rates opened the week lower, continuing the dovish sentiment from the week before. Markets are pricing in 75bp of ECB rate cuts for 2024 – our baseline forecast – but two cuts are also still on the table, and thus market pricing should be lower. A growth recovery, as also reflected by Monday’s PMIs, reduces […]
Good Month For New Home Sales Not Yet Enough To Break Downtrend
March 2024 was a good month for new home builders in the U.S. The month saw a rebound in the number of new home sales and also a rebound in the average new home sale prices over February 2024’s depressed levels. Pixabay But that wasn’t quite enough to definitively break the now six-month long downtrend we’ve been […]
Costco Wholesale Corp.Stocks Elliott Wave Technical Analysis – Tuesday, May 7
COST Elliott Wave Analysis Trading Lounge Daily ChartCostco Wholesale Corp., (COST) Daily ChartCOST Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 5DIRECTION: Upside in Minor 5. DETAILS: Trading Level 8 at 800$ will provide resistance, looking for a five wave move to unfold in wave 5. COST Elliott Wave Analysis Trading Lounge 4Hr Chart,Costco Wholesale Corp., (COST) 4Hr […]
Japanese Yen To Stay In The Recovery Mode, While Yields Are Turning From Resistance
We talked about limited weakness and recovery on Japanese yen right before intervention on April 26 CLICK HERE. As you can see, yen is already recovering because US 10Yr Yields are already turning down from resistance, while Japan 10Yr Yields are barely trying to follow due to holidays in Japan recently. If Yields will keep weakening […]
Could Chinese Gold Be The Straw That Breaks The Dollar’s Back?
By Mike Maharrey, Money Metals ExchangeThere are cracks in the foundation of dollar dominance. Could Chinese gold be the straw that breaks the dollar’s back? In a column published by the Telegraph , economist Julian Jessop points out that people have been predicting the dollar’s demise for decades. Eventually, they’ll be right.“And that day may be […]
Tuesday Talk: Still Flying
The stock market is still on the upswing. For all the anti-Fed pundits, the market seems to be going with Chairman Powell for now.UnsplashOn Monday the S&P 500 closed at 5,180, up 53 points, the Dow closed at 38,852, up 177 points, and the Nasdaq Composite closed at 16,349, up 193 points.Chart: The New York TimesMost […]
